The Reserve Bank of India (RBI) has sought to prevent potentially inflation-stoking banking system liquidity enhancement through deft currency and bond market interventions, with foreign inflows into local sovereign debt quickening after the country’s inclusion in a globally tracked JP Morgan index. With rates on annualised dollar-rupee forward premia jumping after index inclusion occurred on … Read more
The Reserve Bank of India has called for banks to exercise more vigilance when it comes to preventing the misuse of traditional banking channels in enabling unauthorised trading in foreign exchange. The central bank said in a notification on Wednesday that it has come across instances of unauthorised entities offering foreign exchange trading facilities to … Read more
Mumbai: Indian lenders must play a larger role in global derivatives and work to ensure that smaller retail players do not pay more for access to foreign exchange products, central bank governor Shaktikanta Das said Wednesday, underscoring the need for local banks to reflect the country’s rising economic status and emerge as market makers. “Participation … Read more
